KEY INDUSTRY INSIGHTS

3D sensors are electronic devices that are used to collect data from surroundings and construct digital 3D models. A 3D sensor can be operated on many different technologies that help to capture the shape of an object in a 3D framework and measure geometric features on a surface regardless of surface color. 3D sensors provide features like a volumetric measurement that gives shape and position related parameters, contrast invariant that offers ambient light. Additionally, benefits of 3D sensors include higher sensing repeatability functions and simpler to build multi-sensor setups for large object inspection. These sensors are widely used by the surveillance & security and entertainment industry in the production of movies and video games, with the help of virtual reality technology.

AI is an essential factor to drive the growth of the 3D sensors market. According to a report published by ITU (International Telecommunication Union), investment in AI technology is projected to exceed US$ 13 Tn by 2030. In 2018, PMD Technologies AG and Ningbo Sunny Opotech announced a partnership to strengthen their product portfolio and existing business. Together, the partners have developed a broad market for 3D camera sensing solutions enabled with AI-based time-of-flight technology (TOF) for mobile devices in China and the rest of the world.

· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Regional Analysis:

North America is expected to lead 3D sensors market owing to the presence of primary key players such as Infineon Technologies, Intel Corporation, LMI Technology, Microchip Corporation, Apple Incorporation, etc. which are continuously innovating the technology of 3D sensors. On 12 September 2018, Apple Inc., launched iPhone XR and XS max enabled with a 3D camera and smart HMI (Human-machine interaction) sensors for depth mapping and are used for gesture control. The North America region is also receiving large investments for the development of 3D sensors and touchless technology. Organizations are focusing on expanding their business through strategic acquisitions and merging with several end-use industries.